Uxin partners with CATL subsidiary for used car battery swapping

Uxin (UXIN) announced a strategic partnership with Times Electric Service, a wholly-owned subsidiary of Contemporary Amperex Technology, or CATL. This collaboration aims to promote the adoption and development of battery swapping models in the used car market, providing consumers with transaction services for pre-owned new energy vehicles. By joining forces with Times Electric Service’s capabilities in standardized battery swapping technology and industrial chain development, the two companies will jointly establish a used car trading system based on the “vehicle-battery separation” model. Key initiatives of the partnership include developing an online used car trading platform and battery marketplace tailored for the “vehicle-battery separation” model, as well as providing inspection, certification, and rating services for battery swapping used cars.